Daniel Och
Encyclopedia
Daniel Och is the Chairman and Chief Executive Officer
of Och-Ziff Capital Management
Group, a global hedge fund
and alternative asset management firm.
As of March 5, 2008, Och's net worth was $3.6 billion, the 296th on The World's Billionaires list published by Forbes. Receiving $918,939,482 total compensation in 2008, he was the highest paid executive on The Globe Opinion's executive compensation
list in 2008.
in the Risk Arbitrage
Department. He was later the Head of Proprietary Trading
in the Equities Division and Co-Head of U.S. Equities Trading. He worked at Goldman Sachs for 11 years.
In 1994, Och founded Och-Ziff Capital Management Group with $100 million initial investment from Ziff brothers. Och-Ziff completed an initial public offering in 2007, listing its shares on the New York Stock Exchange
initially at a price of $32.00. The company's stock has declined significantly since the IPO, reaching its year-to-date low of $3.98 on November 20, 2008.
Och is also sits on the board of Endeavor
.
, and recently donated 15 million dollars to the school.
Och has a B.S. in Economics with a concentration in Finance from the Wharton School of the University of Pennsylvania
.
Och is married with three children. He is the Vice Chair of Robin Hood Foundation
, a charitable organization fighting poverty in New York City
.
Och's personal interests include philanthropy, skiing, and history.
In 2008, Och donated $28,500 to Democratic Senatorial Campaign Committee.
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of Och-Ziff Capital Management
Och-Ziff Capital Management
Och-Ziff Capital Management Group is an American hedge fund manager and global alternative asset management firm. In early 2011, the firm had more than $28 billion in assets under management....
Group, a global hedge fund
Hedge fund
A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...
and alternative asset management firm.
As of March 5, 2008, Och's net worth was $3.6 billion, the 296th on The World's Billionaires list published by Forbes. Receiving $918,939,482 total compensation in 2008, he was the highest paid executive on The Globe Opinion's executive compensation
Executive compensation
Executive pay is financial compensation received by an officer of a firm, often as a mixture of salary, bonuses, shares of and/or call options on the company stock, etc. Over the past three decades, executive pay has risen dramatically beyond the rising levels of an average worker's wage...
list in 2008.
Career
In 1982, Och began his career at Goldman SachsGoldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
in the Risk Arbitrage
Risk arbitrage
Risk arbitrage, or merger arbitrage, is an investment or trading strategy often associated with hedge funds.Two principal types of merger are possible: a cash merger, and a stock merger. In a cash merger, an acquirer proposes to purchase the shares of the target for a certain price in cash...
Department. He was later the Head of Proprietary Trading
Proprietary trading
Proprietary trading occurs when a firm trades stocks, bonds, currencies, commodities, their derivatives, or other financial instruments, with the firm's own money as opposed to its customers' money, so as to make a profit for itself...
in the Equities Division and Co-Head of U.S. Equities Trading. He worked at Goldman Sachs for 11 years.
In 1994, Och founded Och-Ziff Capital Management Group with $100 million initial investment from Ziff brothers. Och-Ziff completed an initial public offering in 2007, listing its shares on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
initially at a price of $32.00. The company's stock has declined significantly since the IPO, reaching its year-to-date low of $3.98 on November 20, 2008.
Och is also sits on the board of Endeavor
Endeavor (non-profit)
Endeavor is a non-profit organization that pioneered the concept of High-Impact Entrepreneurship in emerging markets. Its mission is to “lead the global movement to catalyze long-term economic growth by selecting, mentoring, and accelerating the best High-Impact Entrepreneurs around the...
.
Education and personal life
Och attended the Solomon Schechter Day School of Essex and UnionSolomon Schechter Day School of Essex and Union
Golda Och Academy is a private Jewish day school that offers primary and religious education for Jewish children from pre-K through 12th grade. Until June 2011 the school was called Solomon Schechter Day School of Essex and Union...
, and recently donated 15 million dollars to the school.
Och has a B.S. in Economics with a concentration in Finance from the Wharton School of the University of Pennsylvania
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
.
Och is married with three children. He is the Vice Chair of Robin Hood Foundation
Robin Hood Foundation
The Robin Hood Foundation is a charitable organization, which attempts to alleviate problems caused by poverty in New York, United States.-History:Founded in 1988, Robin Hood was the brainchild of hedge fund manager Paul Tudor Jones...
, a charitable organization fighting poverty in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
.
Och's personal interests include philanthropy, skiing, and history.
In 2008, Och donated $28,500 to Democratic Senatorial Campaign Committee.